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Compliance & Risk Associate

The team

The Firm’s Compliance & Risk team is based in London and is responsible for dealing with all client due diligence (CDD) and conflicts queries for the Firm (including foreign offices). There are currently ten team members (including this role) plus a Compliance Partner who is the Money Laundering Reporting Officer (MLRO). The team also works alongside the General Counsel and the partner responsible for managing complaints and claims.

The role

The role has a strong anti-money laundering (AML) focus but it also includes providing advice on a range of other risk management issues which affect the business. The successful candidate will work closely with the Compliance Partner and will be responsible for the day-to-day management of the team. The role is an excellent opportunity for someone who is looking to gain more experience with the legal aspects of risk management.

Principal responsibilities

  • taking a lead role in carrying out CDD on a full range of clients including individuals, companies and trusts (it is envisaged that the successful candidate would act as an expert in this area once up and running)
  • supervising the CDD checks carried out by other members of the team and providing guidance when unusual or difficult issues arise
  • liaising with clients directly when complex CDD issues arise and finding workable solutions
  • providing legal advice to partners and fee earners on the scope of applicable anti-money laundering and counter-terrorist financing legislation (including local laws which apply in our foreign offices)
  • assisting with AML and other Compliance training for partners, fee-earners and business support staff
  • providing advice about reputational risk issues
  • assisting the MLRO with carrying out research to be used in suspicious activity reports (SARs) and assisting with drafting SARs
  • assisting with providing legal advice to partners and fee earners about the nature and scope of the UK’s financial sanctions legislation
  • overseeing the new client and matter file opening process and ensuring that it runs smoothly
Professional Conduct
  • identifying and analysing potential conflicts issues
  • supervising the conflict checking process
  • taking responsibility for maintaining and coordinating information barriers
  • assisting with developing new Compliance policies/ strategies
  • providing advice to the Firm about other aspects of the SRA Code of Conduct 2011 such as client care (letters of engagement and terms of business)
  • keeping up-to-date with publications about law firm risk management issues and highlighting changes in the law to the team
  • managing file audits
  • assisting with keeping the risk register up-to-date by identifying potential new risks to the business
  • participating in other projects within the Compliance & Risk team as and when they arise
Team management
  • day-to-day management of the team, including managing performance and conducting appraisals
  • acting as a first port of call for any CDD or conflicts queries raised by the team
  • ensuring that effective systems are in place for distributing and prioritising work
  • providing training to the team about AML and conflicts issues
Person specification
  • We are looking for an individual with a passion for financial crime work, particularly AML
  • The successful candidate will be a qualified solicitor, REL or RFL, with 3+ years’ relevant law firm experience
  • Ability to demonstrate familiarity with the key aspects of the SRA Code of Conduct 2011 (particularly confidentiality and conflicts) and a strong technical knowledge of the Money Laundering Regulations 2007 is essential
  • The role will suit someone with excellent problem solving skills who is confident and assertive, with the ability to build good relationships with clients, partners, fee earners and business support staff
  • The successful candidate must have experience or be able to demonstrate the ability to train and develop others in the area of Compliance and be able to work under pressure and manage conflicting priorities & deadlines in a high pressured environment

If you are interested in applying for this position, please email your CV along with a covering letter to Rosalyn.South@crsblaw.com.